Jet Airways grounded four Aircraft for defaulting payments to lessors….

Cash-strapped Jet Airways informed the stock exchange (BSE) on Thursday that it has grounded four aircraft for outstanding lease rentals.

The airline grounded three Boeing 737s on Tuesday and three more said to be out of operation for “engine normalisation”. but on Thursday airline said it has grounded four due to defaulting payments to aircraft lessors.

The 25 year old airline has been defaulting in payments, including salary to Pilots and Engineers for some months. The Pilots warned on Tuesday that March will be the “Final Call” for them to make a decision.

Last week CEO Vijay Dube sent an email to all staff saying “the airline’s key stakeholders are actively engaged towards finalising a resolution plan…. and we will come out it soon….”